Score
GOLDEN FOREX
Israel|2-5 years| https://thegoldenforex.com/
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Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+90 530 357 71 80
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GOLDEN FOREX
GOLDEN FOREX
Israel
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:200 |
| Minimum Deposit | € $ £ 2500 |
| Minimum Spread | -- |
| Products | Currency Pairs, Cryptom stocks, Indices, Commodities |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:300 |
| Minimum Deposit | € $ £ 25,000 |
| Minimum Spread | -- |
| Products | Currency Pairs, Cryptom stocks, Indices, Commodities |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:150 |
| Minimum Deposit | € $ £ 500 |
| Minimum Spread | -- |
| Products | Currency Pairs, Cryptom stocks, Indices, Commodities |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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GOLDEN FOREX · Company Summary
| GOLDEN FOREX | Basic Information |
| Company Name | GOLDEN FOREX |
| Headquarters | China |
| Regulations | Not regulated |
| Tradable Assets | Currency Pairs, Cryptom stocks, Indices, Commodities |
| Account Types | Silver, Gold, Bronze Account |
| Minimum Deposit | € / $ / £ 500 |
| Maximum Leverage | 1:300 |
| Customer Support | Email (sales@thegoldenforex.com)Phone (+90-530-357-71-80) |
Overview of GOLDEN FOREX
GOLDEN FOREX, based in China, serves as an online trading platform providing traders with a wide selection of financial instruments. Through the GOLDEN FOREX trading platform, traders have access to an array of tradable assets, including currency pairs, cryptom stocks, indices, and commodities. The platform offers flexibility with a range of account types, such as Silver, Gold, and Bronze Accounts, enabling traders to align their trading approach with their individual needs and goals. However, it's important for traders to be aware that GOLDEN FOREX operates without regulatory oversight, emphasizing the need for caution.
Is GOLDEN FOREX Legit？
GOLDEN FOREX is not regulated. Traders should be aware that GOLDEN FOREXoperates without regulation, meaning it lacks oversight from established financial regulatory authorities. This absence of regulation introduces risks, including limited avenues for resolving disputes, potential concerns regarding fund safety and security, and a lack of transparency in the broker's operations. To mitigate these risks and ensure a safer trading experience, it is recommended that traders thoroughly research and consider a broker's regulatory status before engaging in trading activities.
Pros and Cons
GOLDEN FOREX presents traders with a diverse range of trading instruments, allowing for opportunities across various financial markets. However, it's important to note that the platform operates without regulatory oversight, which may expose traders to potential risks. Additionally, there are concerns regarding the lack of clarity in spread and commission information, making it challenging for traders to assess costs accurately. Furthermore, difficulties in accessing the website may hinder traders' ability to engage with the platform seamlessly. Moreover, GOLDEN FOREX imposes high minimum deposits, potentially limiting accessibility for traders with smaller capital. In conclusion, while GOLDEN FOREX offers trading opportunities, traders should exercise caution due to the absence of regulatory supervision and potential limitations in support resources.
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Trading Instruments
GOLDEN FOREX provides a wide array of trading instruments, encompassing currency pairs, cryptom stocks, indices, and commodities.
Account Types
GOLDEN FOREX offers a range of account types to accommodate traders with varying levels of experience and investment sizes. All account types provide traders with access to supported Expert Advisors (EA) to enhance their trading strategies. The Silver Account, with a minimum deposit of € / $ / £ 2500, is tailored for traders seeking to start with a moderate capital investment. For those looking for enhanced privileges and capabilities, the Gold Account is available with a minimum deposit of € / $ / £ 25,000. Additionally, GOLDEN FOREX provides the Bronze Account, requiring a minimum deposit of € / $ / £ 500.
| Account Type | Minimum Deposit | Maximum Leverage | Trading Instruments |
| Silver Account | € / $ / £ 2500 | 1:200 | Currency Pairs, Cryptom stocks, Indices, Commodities |
| Gold Account | € / $ / £ 25,000 | 1:300 | Currency Pairs, Cryptom stocks, Indices, Commodities |
| Bronze Account | € / $ / £ 500 | 1:150 | Currency Pairs, Cryptom stocks, Indices, Commodities |
Leverage
GOLDEN FOREX offers varying leverage options based on the account type selected. The Silver Account provides a maximum leverage of 1:200, offering traders moderate leverage to amplify their trading positions. Traders opting for the Gold Account can benefit from a higher maximum leverage of 1:300, allowing for greater trading flexibility and potential returns. Meanwhile, the Bronze Account offers a maximum leverage of 1:150, providing traders with a lower leverage option suitable for more conservative trading strategies.
Customer Support
The primary contact methods for GOLDEN FOREX include email and phone. Traders can reach GOLDEN FOREX's customer support team via email atsales@thegoldenforex.com. Additionally, traders can contact GOLDEN FOREX by phone at +90-530-357-71-80.
Conclusion
In conclusion, GOLDEN FOREX provides traders with a wide range of trading instruments, yet operates without regulatory oversight. This absence of supervision raises concerns about transparency and investor protection. Additionally, the platform's unclear spread and commission information, coupled with potential accessibility issues, pose challenges for traders. Furthermore, the imposition of high minimum deposits may limit accessibility, particularly for traders with smaller capital. Therefore, while GOLDEN FOREX offers trading opportunities, traders should proceed cautiously, considering these factors before engaging with the platform.
FAQs
Q: Is GOLDEN FOREX regulated？
A: No, GOLDEN FOREX operates without regulation, which means it lacks oversight from recognized financial regulatory authorities.
Q: What trading instruments are available on GOLDEN FOREX？
A: GOLDEN FOREX offers a range of trading instruments, including currency pairs, cryptom stocks, indices, and commodities.
Q: What account types does GOLDEN FOREX offer？
A: GOLDEN FOREX provides various account types, including Silver, Gold, and Bronze Accounts, catering to different trading preferences and experience levels.
Q: How can I contact GOLDEN FOREX's customer support？
A: You can reach GOLDEN FOREX's customer support team via email at sales@thegoldenforex.com. Additionally, traders can contact GOLDEN FOREX by phone at +90-530-357-71-80.
Risk Warning
Trading online carries substantial risk, and there is a possibility of losing all invested capital. It may not be suitable for every trader or investor. It is crucial to comprehend the associated risks fully. Additionally, the information provided in this review could change due to the company's continuous updates to its services and policies. The date of this review's generation should be considered, as information may have evolved since then. Therefore, readers are encouraged to verify updated information directly with the company before making any decisions or taking any actions. The reader holds sole responsibility for using the information provided in this review.
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